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Reading: TON Sinks After Elon Musk Denies xAI/Telegram Deal Was Signed
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Your Crypto News Today > News > Crypto > Altcoins > TON Sinks After Elon Musk Denies xAI/Telegram Deal Was Signed
Altcoins

TON Sinks After Elon Musk Denies xAI/Telegram Deal Was Signed

May 30, 2025 1 Min Read
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TON Sinks After Elon Musk Denies xAI/Telegram Deal Was Signed

A deal that may deliver xAI’s Grok to Telegram has apparently not been signed, regardless of prior reporting, placing promote strain on TON’s current rally.

🔥 This summer time, Telegram customers will achieve entry to one of the best AI expertise available on the market. @elonmusk and I’ve agreed to a 1-year partnership to deliver xAI’s @grok to our billion+ customers and combine it throughout all Telegram apps 🤝

💪 This additionally strengthens Telegram’s monetary… pic.twitter.com/ZPK550AyRV

— Pavel Durov (@durov) Might 28, 2025

“No deal has been signed,” Musk posted late Wednesday in response to the Telegram founder’s announcement.

TON, a token related to Telegram, dropped from $3.60 to $3.40 within the moments after the tweet. The token had been on a rally within the hours after the announcement, beforehand up 14% on-day, in keeping with CoinDesk market information.

Extra to come back…

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